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Search Results 0 to 14 of about 15 (some duplicates have been removed)
dollars in cuts in spending based on our withdrawal from iraq and afghanistan. that's just not real. but i believe the result of negotiations with speaker boehner, senator mcconnell and senator reid they could arrive at a conclusion because the major objection that a lot of us had was we don't want to increase taxes. the majority leader reid has already made that concession in his proposal. >> schieffer: senator, the thing that i wonder about is i think the congressional leaders on both sides are ready to make a deal but what i wonder about is can the followers go along with the leaders or will the congress stumble into some kind of default here despite the best intentions of the leaders on both sides? >> i believe they can and will. how soon is... i'm not clear on. it may require some kind of a warning shot. for example, watch the markets tomorrow, the financial markets around the world. i believe that the american people have very different views about what we're in, but the major view is disdain and even larger than that is that they want us to sit down and agree to something because th
of that part of the savings that the majority leader reid hopes to get is from the war in afghanistan and iraq beginning to wind down. and the cbo has looked at that and said there's a trillion worth of savings that's not real savings because everybody knows the war will wind down. when you look at it as i see it harry reid's proposal is about $950 billion worth of savings. john boehner is $917. quite similar. not the 2.2 or 2.4 that's being talked about. so we do have to do more in term of the immediate cuts in order to extend it for the period of time the president would like. the alternative is this two step process. a trillion dollars now and then have this special committee that would meet and report by the end of november and then there would be additional savings under the boehner proposal. that's almost $2 trillion additional savings, 1.1 trillion. >> the president says he doesn't want to have another formal vote next year and put the country through this ordeal once again right in the middle of elections. he has a point there, right? >> well, wolf, he doesn't have much a point of putt
, that's clear, isn't it? so there he was, he was making his 15th trip to afghanistan and it was while he was over at camp leatherneck that the marines asked him, okay, if there are a bunch of pentagon cuts, how is that going to affect our equipment and stuff like that. and wherever he has gone so far during this particular swing through the country of afghanistan, the troops are saying are we going to get paid? and he's saying, i don't know. just know this whatever you are owed you'll get paid eventually. you know, and this is how this works down. if we do, talking about if we go into a debt ceiling where we can't pay our bills technically which i don't agree with anyway, let's say, the president has the tablt to decide who gets paid when. clearly the debt is going to get paid first. china and saudi arabia are paid before our military, as bad as that sounds, that has to happen, so our borrowing costs don't go through the roof and then pay the military and social security, and if you dodonn tt order, give the department of education money first, it's the president's fault. it's not congre
. the reid plan says we won't be in iraq and afghanistan. that's $1 trillion. we'll have a commission. that will save us $$1 billion. those aren't real. >>> the problem you have is ideological purity. when you sit here and look at the congressional budget office, made it clear that if the bush tax cuts were not extended, all of them, deficit goes down. if you extend all of them, $3.3 trillion increase over ten years. that's fact will we won't sit here and debate a fact. it is a fact. and so on democratic side, it is crazy to sit here and say we have no issue with medicare, medicaid. no issue with social security. you have rising costs. at some point you cannot have people on the democratic side and the republican side say absolutely not. i'm not giving up anything. you have to be able to give up something. >> the republicans were willing, at least until recently. you heard john boehner, the speaker of the house saying he was willing for $800 billion in tax revenue. increases in taxes in effect. that's not ideological purity. >> right. could he sell that to his party? >> and at the end
or daughter, husband or wife is in iraq or afghanistan, might cost them their check if we get three or four or of six days past august 2nd. >> i heard you say earlier we're seeing a generational divide in the house right now, the results of a generational divide. >> no question in the republican party there's a huge generational divide. as gloria just noted, a lot of these 87 freshmen, they're not career politicians. they were car dealers, maybe they were prosecutors. some of them were farmers. they don't feel bebeholden to the speaker. they think the people telling them to compromise are the people who built the pile of debt, the miss we're in right now. they don't truss them. remember a lot of people are making fun of them. a lot of people say these crazy tea party party. why won't they compromise? they won the last election. the last time america spoke they sent these people to washington. so they think that's what they were sent here to do. now, maybe the public's changed its mind. maybe the president and democrats have convinced them otherwise. but they just in november won an election
savings account for scaling back the wars in afghanistan and iraq. let's talk now to a new member of the senate who opposes both of these plans. he says they don't do enough to bring fiscal sanity to washington, senator rand paul, republican of kentucky, is with us this evening. senator paul, the conservatives in the house can't round up the votes to pass their plan. speaker reid probably has 52 or 53 for his, but he doesn't have the 60 votes he would need to get it through the senate. we're days away from a potential default. would you prefer default to either of these two plans. >> no. but the interesting thing is the conservatives did round up the votes. the conservatives in the senate and the house. we got 234 votes in the house last week for cut, cap and balance to balance the budget and to raise the debt ceiling the full $2 trillion, exactly what the president wants. it's interesting the dynamic here because some are saying we're unwilling to compromise. we already offered the president $2 trillion increase in the debt ceiling. all we want in exchange is a balanced budget am
savings based on savings on troop levels in iraq and afghanistan. >> well, interesting enough while they're calling the overseas contingency operation dollars phantom funds, anderson, you may know they used those funds and put them in their own budget that they've already voted for and relied on. >> so where do you see this going? what do you think happens tonight? what do you think happens tomorrow? >> well, of course, i don't know what's going to happen tonight. obviously the republicans are meeting with themselves to see whether or not they have the votes to pass what john boehner has offered as a purely partisan alternative. we were not involved in those discussions. we were not involved in the decisions. and it's interesting that even in their own party it is deeply factionalized, deeply divided paint, divided against their leadership, angry at their leadership, and a party that is divided itself has difficulty working with the president or working with us. and that's unfortunate. and the country is the poorer for it. and the image of america is poorer for it. and i would hope that
Search Results 0 to 14 of about 15 (some duplicates have been removed)